Altcoin News - XRP has recovered to $ 2.20 as Bitcoin for a short period of $ 83,000, but analysts warn of potential corrections.
- If BTC decreases to less than 72 thousand dollars, a successive effect can push XRP to $ 1.20 or even $ 0.90 in flash crash.
- Experts suggest setting orders less than one dollar to take advantage of the short -term low prices.
EDOARDO FARINA, founder of Alpha Lions Academy, High Bitcoin effect on the XRP price track. If BTC fails to retain the decisive support level of $ 72,000, it may decrease towards 50 thousand dollars, which may lead to a sharp decrease in XRP.
Analysts warn that XRP may decrease to $ 1.20, which represents a decrease of 45 % of the current levels. Some expectations indicate a flash collapse of $ 0.90, but this recession is expected to be short -term.
Bitcoin is currently located near the 61.80 % Fibonacci level, which indicates a possible reflection. If BTC has decreased to 75 thousand dollars, with a 50.0 % Fibonacci level, XRP may face a more severe correction. While this worse scenario is estimated at 20 %, FARINA advises investors to prepare for sudden volatility.
Appointment orders to buy strategic XRP are less than $ 1
Despite the declining expectations, Varina is still confident that XRP will not be less than $ 1.20 for a long time. It is recommended to put in order to buy less than one dollar to take advantage of a possible decline in the short term. According to his analysis, if such an accident occurs, the currency is likely to turn off at $ 2 quickly.
Besides the effect of the Bitcoin, the schemes have a declining head and shoulder pattern on the XRP price scheme, indicating a possible correction before XRP reaches its highest levels. While the total market is still not certain, XRP flexibility and invested locations will determine future price movements.
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